Regaal Resources IPO Details

Bookbuilding IPO | ₹306 Cr | Listed at BSE, NSE | Tue, Aug 12, 2025 - Thu, Aug 14, 2025

Regaal Resources IPO Logo

Regaal Resources IPO is a book build issue of ₹306.00 crores. The issue is a combination of fresh issue of 2.06 crore shares aggregating to ₹209.99 crores and offer for sale of 0.94 crore shares aggregating to ₹96.00 crores.

Regaal Resources IPO bidding started from Aug 12, 2025 and ended on Aug 14, 2025. The allotment for Regaal Resources IPO was finalized on Aug 18, 2025. The shares got listed on BSE, NSE on Aug 20, 2025.

Regaal Resources IPO price band is set at ₹102 per share. The lot size for an application is 144. The minimum amount of investment required by an retail is ₹14,688 (144 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,016 shares), amounting to ₹2,05,632, and for bNII, it is 69 lots (9,936 shares), amounting to ₹10,13,472.

Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Refer to Regaal Resources IPO RHP for detailed Information.

IPO Open

Tue, Aug 12, 2025

IPO Close

Thu, Aug 14, 2025

Issue Price

₹102 per share

Market Cap (Pre-IPO)

₹1,047.79 Cr

IPO Details

IPO Date12 to 14 Aug, 2025
Listed onWed, Aug 20, 2025
Face Value5 per share
Price Band₹96 to ₹102
Issue Price₹102 per share
Lot Size144 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE, NSE

Total Issue Size2,99,99,520 shares
(agg. up to ₹306 Cr)
Fresh Issue 2,05,87,520 shares
(agg. up to ₹210 Cr)
Offer for Sale94,12,000 shares of ₹5
(agg. up to ₹96 Cr)
Share Holding Pre Issue8,21,35,940 shares
Share Holding Post Issue10,27,23,460 shares
BSE Script Code / NSE Symbol544485 / REGAAL
ISININE0MHO01029

IPO Timetable

IPO Reservation

Regaal Resources IPO offers total 2,99,99,520 shares. Out of which 1,49,99,760 (50.00%) allocated to QIB, 59,99,904 (20.00%) allocated to QIB (Ex- Anchor), 44,99,928 (15.00%) allocated to NII 1,04,99,832 (35.00%) allocated to RII and 89,99,856 (30.00%) allocated to Anchor investors.

Investor Category Shares Offered Max Allottees
QIB Shares Offered 1,49,99,760 (50.00%)NA
  − Anchor Investor Shares Offered 89,99,856 (30.00%)NA
  − QIB (Ex. Anchor) Shares Offered 59,99,904 (20.00%)NA
NII (HNI) Shares Offered 44,99,928 (15.00%)NA
  − bNII > ₹10L 29,99,952 (10.00%)1,488
  − sNII < ₹10L 14,99,976 (5.00%)744
Retail Shares Offered 1,04,99,832 (35.00%)72,915
Total Shares Offered2,99,99,520 (100.00%)

IPO Lot Size

Investors can bid for a minimum of 144 shares and in multiples thereof. 

Application Lots Shares Amount
Retail (Min) 1 144 ₹14,688
Retail (Max) 13 1,872 ₹1,90,944
S-HNI (Min) 14 2,016 ₹2,05,632
S-HNI (Max) 68 9,792 ₹9,98,784
B-HNI (Min) 69 9,936 ₹10,13,472
IPO Subscription Details

IPO Anchor Investors

Regaal Resources IPO raises ₹91.80 crore from anchor investors. Regaal Resources IPO Anchor bid date is August 11, 2025.
📝 Anchor Investors Letter (PDF)

Bid DateMon, Aug 11, 2025
Shares Offered89,99,856
Anchor Portion (₹ Cr.)91.80
Anchor lock-in period end date for 50% shares (30 Days)Tue, Sep 16, 2025
Anchor lock-in period end date for remaining shares (90 Days)Sat, Nov 15, 2025

About Regaal Resources Ltd.

Incorporated in 2012, Regal Resources Limited manufactures maize specialty products in India, with a crushing capacity of 750 tonnes per day.

The company manufactures the following products:-

  • Maize starch and modified starch – a natural plant-based starch from maize.
  • Co-products –include gluten, germ, enriched fiber and fibre; and
  • Food grade starches: maize flour, icing sugar, custard powder, baking powder.

The manufacturing unit is located in Kishanganj, Bihar, spanning 54.03 acres with zero liquid discharge. 

The company exports its products to Nepal and Bangladesh.

The company caters to domestic and international customers across diverse industries including food products, paper, animal feed, and adhesives.

The company's model caters to three customer segments:

  1. End product manufacturers,
  2. Intermediate product manufacturers and
  3. Distributors/wholesale traders.

The company's clients include Emami Paper Mills Limited, Manioca Food Products Private Limited, Century Pulp & Paper, Kush Proteins Private Limited, Shri Guru Oil Industries, Mayank Cattle Food Limited, Aarnav Sales Corporation, AMV Sales Corporation, Eco Tech Papers, Genus Paper Board Private Limited, Krishna Tissues Private Limited, Maruti Papers Private Limited, and M/s Vasu and Sons.

As of May 31, 2025, the company employed 491 people in various departments.

Competitive Strength

  • Strategic advantage of the manufacturing facility near raw materials and consumption markets.
  • Efficient procurement strategy aided by multifaceted raw material sourcing avenues.
  • Diversified product portfolio serving various industries, well-positioned to leverage industry trends.
  • Established and widespread sales and distribution network.
  • Experienced promoters and management.

Company Financials (Restated)

Regaal Resources Ltd.'s revenue increased by 53% and profit after tax (PAT) rose by 115% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets860.27585.97371.52
Total Income917.58601.08488.67
Profit After Tax47.6722.1416.76
EBITDA112.7956.3740.67
NET Worth235.41126.61104.41
Reserves and Surplus202.44125.12102.92
Total Borrowing507.05357.21188.93
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Repayment and/ or pre-payment, in full or in part, of the certain outstanding borrowings availed by the Company 159.00
2 General Corporate Purposes 28.14

Key Performance Indicator (KPI)

Pre IPOPost IPO
EPS (₹)5.804.64
P/E (x)17.5821.98
Promoter Holding99.56%70.45%
Market Cap1,047.79 Cr.
The promoters of the company are Anil Kishorepuria, Shruti Kishorepuria, Karan Kishorepuria and BFL Private Limited.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
RRL is engaged in manufacturing ZLD maize and its byproducts. It posted growth in its top and bottom lines for the reported periods. Large capacity with cost efficient process fetched good margins. Based on recent financial data, the issue appears fully priced. Well-informed investors may park funds for medium to long term.
Read detail review...

Regaal Resources IPO Recommendations

Review BySubscribeMay ApplyNeutralAvoid
Brokers11210
Members2101

Regaal Resources IPO Subscription Status (Bidding Detail)

The Regaal Resources IPO is subscribed 159.87 times on August 14, 2025 5:04:32 PM (Day 3). The public issue subscribed 57.75 times in the retail category, 190.96 times in the QIB category, and 356.72 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)Shares OfferedShares bid for
QIB (Ex Anchor)190.9660,00,2621,14,57,89,712
NII356.7245,00,0351,60,52,43,888
    bNII (bids above ₹10L)387.7130,00,0241,16,31,40,416
    sNII (bids below ₹10L)294.7315,00,01244,21,03,472
Retail57.751,05,00,08260,63,29,712
Total159.872,10,00,3793,35,73,63,312

Total Application : 35,65,292

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Fixed fees payable to Book Running Lead Managers 1.94
2 Underwriting/Selling Commission to Book Running Lead Managers 15.30
3 Commission/processing fee for SCSBs, Sponsor Bank(s) and fees payable to sponsor bank(s) for bids made by RIBs, Bankers to the Offer(s), Brokerage and Syndicate Fees, bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs 4.43
4 Fees payable to the Registrar to the Offer 0.28
5 Others including but not limited to: (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; (ii) Printing and distribution of stationery; (iii) Advertising and marketing expenses; (iv) Fees payable to legal counsel; (v) Fees payable to other advisors to the Offer, including but not limited to Statutory Auditors, industry service provider and independent chartered engineer; (vi) Miscellaneous expenses 11.36

Listing Day Trading Information

Price DetailsBSENSE
Final Issue Price102.00102.00
Open141.80141.00
Low130.25130.25
High145.70145.70
Last Trade131.65131.58

Check IPO Performance…

IPO Registrar

MUFG Intime India Pvt.Ltd.

  • +91-22-4918 6270
  • regaalresources.ipo@in.mpms.mufg.com
  • Visit Website

Contact Details

Regaal Resources Ltd. Address
6th Floor, D2/2
Block-EP & GP,
Sector-V
Kolkata, West Bengal, 700091
Open an Instant Account with Zerodha

IPO FAQs

Regaal Resources IPO is a main-board IPO of 2,99,99,520 equity shares of the face value of ₹5 aggregating up to ₹306 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 144.

The IPO opens on Tue, Aug 12, 2025, and closes on Thu, Aug 14, 2025.

MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Regaal Resources IPO using UPI as a payment gateway. Zerodha customers can apply in Regaal Resources IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Regaal Resources IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Regaal Resources IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Regaal Resources IPO opens on Tue, Aug 12, 2025 and closes on Thu, Aug 14, 2025.

Regaal Resources IPO lot size is 144, and the minimum amount required for application is ₹14,688.

You can apply in Regaal Resources IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Regaal Resources IPO will be done on Monday, August 18, 2025, and the allotted shares will be credited to your demat account by Tue, Aug 19, 2025. Check the Regaal Resources IPO allotment status.

The Regaal Resources IPO listing date is on Wed, Aug 20, 2025.

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